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HSBC LAYOFFS
Udaan faces creditor heat; Bhavin Thurakia's fifth rodeoCreditors have dragged B2B ecommerce firm Udaan’s parent to Singapore court over a bond default. This and more in today's ETtech Top 5.- Bengaluru techie says it is better to stay in a big company at a lower salary then a small one with high salaryA Bengaluru techie's advice to prioritize job stability at large firms over lucrative offers from smaller companies has sparked debate. Cit...
- CEOs are getting ruthless about worker performanceCorporate leaders are increasingly prioritizing results over employee comfort, with CEOs like Unilever's Fernando Fernandez demanding "volu...
- HSBC cuts dozens of analyst jobs in investment banking overhaulHSBC Holdings Plc is undergoing a significant restructuring of its investment banking operations, leading to the dismissal of over two doze...
- HSBC lays off bankers on bonus day, no payouts givenHSBC has taken drastic cost-cutting measures by firing investment bankers on the day they were expecting their bonuses. The layoffs are par...
- HSBC cutting staff numbers by 900 at China Pinnacle unit, sources sayHSBC is cutting its China digital wealth business Pinnacle by nearly half, reflecting challenges in boosting growth and profitability in th...
- HSBC targets $1.5 bn in annual cost savings after revampBanking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup w...
- HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source saysHSBC has cut around 40 investment banking jobs in Hong Kong as part of a global cost-cutting restructuring. The layoffs began just ahead of...
- HSBC managers are competing to keep their jobs in CEO’s revampHSBC Holdings Plc has initiated a major restructuring within its corporate and institutional banking division, requiring hundreds of manage...
- Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs as deals slumpThe cuts are one the largest to its China-focused investment banking team and follow similar measures by other banks also stung by decline ...
- HSBC resumes cutting around 35,000 jobsThe bank will also maintain a freeze on almost all external recruitment, Chief Executive Noel Quinn said in the memo sent to the bank's 235...
- HSBC trims workforce by 22,000 in January-September, no job cuts in IndiaHSBC India Chief Executive Stuart A Davis had ruled out job cuts in the country as part of its global recast, saying India is a strategic m...
- HSBC axes 200 employees from Hyderabad offices, 350 in PuneHSBC India has undertaken a massive layoff exercise . It is estimated that a total of 750 employees have been asked to leave across locatio...
- Banking sector upbeat despite reports of lay-offDespite speculations of banking major HSBC cutting jobs in India, hiring in banking sector remains upbeat.
- HSBC to sack over 300 from banking operations in IndiaSources said the bank was adopting 'last in, first out' policy, which means most of the sackings were of employees with less than 5 yrs of ...
- HSBC may cut 1200 jobs in its Indian consumer banking unitJob cuts are likely to affect a range of functions and are likely to be carried out in a phased manner, people familiar with the banks plan...
- HSBC to slash 30,000 jobs by 2013 to cut costsHSBC is cutting jobs and closing offices to reduce costs by as much as $3.5 billion over the next two years as it tackles wage inflation in...
- HSBC lays off 100 private bankersHSBC said it had laid off 100 private bankers in Hong Kong as demand has shrunk.
- HSBC to cut 500 jobs, Credit Suisse to lay off 650: ReportThe banking sector continues to be hit by mass layoffs with financial service major Credit Suisse and HSBC announcing additional 1,150 job ...
- HSBC cuts British jobsHSBC Holdings PLC, Europe's largest bank by market value, said Monday it is cutting 500 jobs, or just under 1 percent of its work force, in...
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